Capesize freight rates saw a general lack of physical activities in both the Asia Pacific and Atlantic market this week, with market concerns over cyclones brewing off the Australian coast.

The return of Chinese trade participants from Spring festival failed to create a roar in the Capesize market this week.

It was the usual time of the year again, when the market takes a break for the Lunar New Year celebration for the week, but it was also rocked by the unfolding events from Vale’s dam collapse incident, which could greatly impact on seaborne iron...

Polaris Shipping has inked a KRW908bn ($800m) order with Hyundai Heavy Industries (HHI) for 10 VLOCs.

A London arbitration has ruled in favour of Navios in a dispute with Brazilian miner Vale over a contract for an iron ore terminal in Uruguay.

Brazil’s state-owned Vale has agreed to sell three of its 400,000-dwt valemax bulkers for $269m to ICBC International, wholly-owned by Industrial and Commercial Bank of China (ICBC).

Navios Maritime Holdings has started arbitration proceedings in London over a contract for an iron ore terminal in Uruguay.

Navios Maritime Holdings says it will take legal measures to enforce a contract with Brazilian miner Vale for an iron ore terminal.

China’s privately-owned Yangzijiang Shipbuilding has signed a deal in Beijing with ICBC Financial Leasing to construct six 400,000 dwt VLOCs worth a total of $510m.

Brazil’s Vale and China’s ICBC Financial Leasing have penned contracts of affreightment (COA) for the transportation of iron ore over a long term 27-year period.